The pricing seems unreasonable. @gaib_ai has clearly stated that USDC will complete redemption within one month of the S1 expiration. Currently, due to the closure of Pendle Markets, the decoupling rate between USDC and the ETF exceeds 3%. We may be able to complete the redemption within 10 days. Best-case scenario (10-day arbitrage): Annualized return 128% Worst-case scenario (1-month arbitrage): Annualized return 42% @gaib_ai, by the way, the correct approach is to set a low-level limit order on @CoWSwap, as the main reason for this decoupling is the imbalance between trading volume/demand and liquidity. (i.e., insufficient liquidity) This causes significant chart volatility.